70 Lakh Home Loan Federal Bank

Federal Bank offers a competitive home loan program to help you acquire a property valued up to ₹70 lakh. With flexible repayment options, attractive interest rates, and minimal fees, the Federal Bank 70 lakh home loan caters to various financial needs. Whether you are a first-time home buyer or looking to upgrade, this guide will explore the key features, eligibility criteria, and application process to navigate your path towards homeownership with Federal Bank.

70 lakh Home Loan Federal Bank – Highlights 

Here is the table introducing the key features of the Federal Bank 70 lakh home loan:

70 lakh home loan EMI for 10 years Federal Bank 

Here is the EMI payable per month for a Federal Bank 70 lakh home loan for 10 years:

70 lakh home loan EMI for 20 years Federal Bank 

Below are the details of the EMI payable for a Federal Bank 70 lakh home loan for a tenure of 20 years:

70 lakh Federal Bank home loan – Fees and Charges 

While Federal Bank’s 70 lakh home loan boasts competitive interest rates, additional fees exist, such as processing charges:

70 lakh Federal Bank home loan – Documents Required 

Below are the documents required to apply for the Federal Bank 70 lakh home loan:

• Standard KYC Documents: Proof of identity (e.g., PAN card, Aadhaar card) and address (e.g., utility bills, voter ID).
• Income Proof: Salary slips (for salaried individuals) or tax returns (for self-employed).
• Property Documents: Documents related to the property you’re purchasing or constructing.
• Additional Documents (if applicable): Depending on bank policy and loan scheme specifics, these may vary. Be prepared to provide any extras requested by Federal Bank.

70 lakh Federal Bank home loan – Eligibility Criteria

Here is a detail of the eligibility criteria for Federal Bank 70 lakh home loan:

• You must be either:
  • A resident Indian citizen.
  • An NRI with a valid passport and proof of income earned overseas.
• Your age should not exceed a certain limit, typically 55 years, when the loan reaches maturity. 
• You must demonstrate a stable source of income. 
  • Salary for salaried individuals.
  • Business income for self-employed individuals.
  • Pension income for retirees.
• A good credit score above 750 generally improves your chances of loan approval.